Laserfiche WebLink
B. PROJECT INFORMATION <br />1. The project will be: <br />~Industrial~ New Construction Expansion Redevelopment /Rehab. <br />Office/research facility that conforms to Business Park zoning standards <br />Commercial Redevelopment/Rehabilitation <br />Other <br />2. In ad tion to the City of Elk River, applicant is requesting Tax Abatement from: <br />Sherburne County School District 728 <br />3. The projectwill be: -Owner Occupied Leased Space <br />4. Project Address S <br />Parcel Identification Nurr. <br />~ lr.t.5 s' ~U! ~ - Pj~ls ~ v~c.3S C ti.~ ~~t.~G. <br />s~ "Tg ~ <br />5. Site Plan and Construction Plans Attached: Yes No <br />6. Total Amount of Tax Abatement Requested $ ~ Z~ 5~,over ~ ~. years. <br />City Portion: Annual $ Total $ <br />County Portion: Annual $ Total $ <br />ISD 728 Portion: Annual $ Total $ <br />Current Real Estate Taxes on Project Site: $ ~~~ ~~Z <br />Estimated Real Estate Taxes upon Completion: Phase I $ <br />Phase II $. <br />8. Construction Starr. Date: S2..D~-vw~+r 10 ~-~ ~ ~~ <br />Construction Completion Date: ~-~ ~-~ ~ ~I <br />If Phased Project <br />_ Year % Completed <br />Year <br />C. PUBLIC PURPOSE <br />Completed <br /> <br />It is the policy of the City of Elk River that the use of Tax Abatement should result <br />in a benefit to the public. Please indicate how this project will serve a public <br />purpose. <br />,job Creation/Retention Number of existing jobs ~ZZ <br />Number of jobs created by project x'3O ova v~-k. <br />Average hourly wage of jobs created/retained 1°t."1 ~ <br />New industrial development which will result in additional private <br />investment in the area. <br />Enhancement and/or diversification of the City of Elk River's economic base. <br />The project contributes to the fulfillment of the City's Economic Development <br />Strategic Plan. <br />-Removal of blight. <br />-Rehabilitation of a high profile or priority site. <br />Significantly increase the City's tax base. <br />City of Elk River <br />Tax Abatement Polity <br />Amended May 2006 <br />- 9- <br />L yj.~s <br />